The cost for Chinese real estate companies to issue bonds overseas went up 0.32 percentage points to 7.86 percent compared with that a month earlier, Xinhua News Agency said on Wednesday.
Domestic and overseas issuance of bonds for China's real estate sectors amounted to 109.579 billion yuan (16.22 U.S. dollars) in January, up 91.8 percent from a month earlier. Overseas issuance reached 74 billion yuan (10.96 billion U.S. dollars) in January, up 141.9 percent from a month earlier.
Top real estate developers have advantages with the rising financing costs, Chinese analysts said. Banks are still the primary places for them to get money from and company bonds doubled while overseas financing gained growing momentum in 2018. However, most of real estate companies has been feeling the pressure to raise funds.
With Chinese government's efforts to crack down risky lending, the financing cost for large state-run real estate companies slightly hikes while medium and small ones saw rising financing costs by 3 percentage points.
Meanwhile, sales of 26 Chinese real estate companies amounted to 334 billion yuan (49.41 billion U.S. dollars) as of Feb 12 in 2019, a decline of 13.6 percent year-on-year, according to data from research center at Centaline Group.
China's top real estate developers including Vanke, Country Garden and Evergrande saw declines up to 30 percent in January this year, according to data from China Index Academy.
The research center said sales amount in real estate sector was down 38 percent from a month earlier this year in first-tier cities in China, especially in Guangzhou City, which dropped 65 percent, followed by Beijing's 40 percent. And big cities generally saw 30 percent decline in sales areas compared to a month earlier.
Top real estate developers' selling has been slowing down this year. Small and medium companies also saw increased sales amount, said Zhang Dawei, an analyst at the Centaline Property.
Domestic and overseas issuance of bonds for China's real estate sectors amounted to 109.579 billion yuan (16.22 U.S. dollars) in January, up 91.8 percent from a month earlier. Overseas issuance reached 74 billion yuan (10.96 billion U.S. dollars) in January, up 141.9 percent from a month earlier.
Top real estate developers have advantages with the rising financing costs, Chinese analysts said. Banks are still the primary places for them to get money from and company bonds doubled while overseas financing gained growing momentum in 2018. However, most of real estate companies has been feeling the pressure to raise funds.
With Chinese government's efforts to crack down risky lending, the financing cost for large state-run real estate companies slightly hikes while medium and small ones saw rising financing costs by 3 percentage points.
Meanwhile, sales of 26 Chinese real estate companies amounted to 334 billion yuan (49.41 billion U.S. dollars) as of Feb 12 in 2019, a decline of 13.6 percent year-on-year, according to data from research center at Centaline Group.
China's top real estate developers including Vanke, Country Garden and Evergrande saw declines up to 30 percent in January this year, according to data from China Index Academy.
The research center said sales amount in real estate sector was down 38 percent from a month earlier this year in first-tier cities in China, especially in Guangzhou City, which dropped 65 percent, followed by Beijing's 40 percent. And big cities generally saw 30 percent decline in sales areas compared to a month earlier.
Top real estate developers' selling has been slowing down this year. Small and medium companies also saw increased sales amount, said Zhang Dawei, an analyst at the Centaline Property.
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